Fears rise in Nicaragua over new social security overhaul

Fears rise in Nicaragua over new social security overhaul

In this Feb. 8, 2019 photo, a Sandinista National Liberation Front ruling party banner and a national flag fly outside the Social Security Institute, in Managua, Nicaragua. Economists and businesspeople are warning that it threatens to have even more severe effects for Nicaraguans and plunge the country into deeper recession and unemployment. (AP Photo/Alfredo Zuniga) MANAGUA, Nicaragua (AP) — Nicaraguans revolted last April when the government announced it was raising payroll taxes and cutting retirement benefits to bolster a social security program hemorrhaging money.

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